President Trump’s most significant economic initiative is now in the hands of the Supreme Court.
The justices announced Tuesday they will fast track whether Trump can use emergency powers to justify his sweeping tariffs worldwide, expediting oral arguments to the first week of November.
The stakes are tremendous.
A loss at the high court would doom the president’s efforts to refashion global trade. But a victory could cement new presidential powers and clear Trump’s path to greater executive authority.
On the line is Trump’s global “Liberation Day” tariffs and a series of levies specifically against Canada, China and Mexico dating back to February.
In many ways, the court’s announcement came with little surprise. Both the Trump administration as well as the small businesses and Democr